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Free money for small business: two loans you may not have to repay–that you should apply for now | Forbes
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Free money for small business: two loans you may not have to repay–that you should apply for now | Forbes

Under the new CARES (Coronavirus Aid, Relief and Economic Security) Act, your business may be eligible for two separate loans. One of these loans is 100% forgivable if used for its intended purpose, and the other loan includes a $10,000 component that’s intended to be forgivable in full. These programs are designed for businesses with fewer than 500 employees, although in a carve-out for the hard-hit hospitality industry, hotel chains are allowed to have up to this number of employees per location.

Source: https://www.forbes.com/sites/micahsolomon/2020/04/04/free-money-for-small-business-two-loans-you-should-apply-for-now-that-you-may-never-have-to-repay/#6d1a6bc97a9b

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